Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2022

Fair Value Measurements [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and Liabilities Measured at Fair Value on a Recurring Basis

($ in millions)	As of April 30, 2022						As of May 1, 2021
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Minority investment in common stock	$	120	$	—	$	—	$	—	$	—	$	—
Available-for-sale security		—		6		—		—		7		—
Foreign exchange forward contracts		—		2		—		—		2		—
Total assets	$	120	$	8	$	—	$	—	$	9	$	—
Liabilities
Contingent consideration		—		—		35		—		—		—
Foreign exchange forward contracts		—		—		—		—		4		—
Total liabilities	$	—	$	—	$	35	$	—	$	4	$	—

Carrying Value and Estimated Fair Value of Long-Term Debt

The carrying value and estimated fair value of long-term debt were as follows:

($ in millions)	April 30, 2022		May 1, 2021
Carrying value (1)	$	394	$	99
Fair value	$	332	$	104

(1) The carrying value of debt as of April 30, 2022 reflects $6 million of issuer’s discount and costs related to the 4% Notes.